Fishermen dock their boats near a fish market in Aden, Yemen December 13, 2018. REUTERS/Fawaz Salman
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The central bank of Yemen, split into two rival head offices reflecting a country divided by war, has been slow to finance imports of food needed to fend off widespread hunger, sources with knowledge of the matter have told Reuters. Saudi Arabia agreed in July to lend $2 billion to the central bank office located in the southern port of Aden, the seat of the Riyadh-backed government, to help finance imports of basic goods.DIFFICULTIESA senior official at the Aden central bank, who declined to be named, said that the bank was having difficulties.The government moved the central bank to Aden in 2016, accusing the Houthis of squandering $4 billion of bank reserves on the conflict.The top official at the Sanaa central bank, Mohammed al-Sayani, told Reuters that a regulation issued by the Aden bank in June made it costly and almost impossible for food traders based in Sanaa to benefit from the Saudi loan.
FOLLOW THIS ARTICLE